MUFG Innovation Partners invested in Bloomo Investment Inc.
April 25th, 2023. MUFG Innovation Partners Co., Ltd. (MUIP), a corporate venture capital fund and a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), has recently invested in Bloomo Investment Inc. (Bloomo).
Bloomo’s mission is to realize a society in Japan where individuals can work towards financial security by making investment accessible to everyone. The company plans to offer “Bloomo,” a smartphone securities service, for long-term asset building through investment in U.S. stocks and ETFs.
The awareness and demand for asset building among individuals are rapidly increasing due to the low-interest rates on deposits and uncertainty about the future due to the macro environment in Japan. Bloomo is currently applying for the license as Japan’s first brokerage firm specializing in long-term asset building. Through their service, Bloomo aims to expand investment opportunities for a new asset-building demographic that wants to invest for the long -term while learning about investing.
Through this investment in Bloomo, MUIP will explore the possibility of various forms of collaboration between MUFG and Bloomo to solve the asset management issues faced by MUFG’s clients and provide new services.
【About MUFG and MUIP】
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,400 locations in more than 50 countries. The group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.
MUFG Innovation Partners, Inc. (MUIP) is a 53 billion yen corporate venture capital firm established by MUFG to invest in fintech-related startups worldwide.
For more information, visit https://www.ip.mufg.jp/.
Under the mission of “making investment accessible to everyone,” Bloomo plans to offer “Bloomo,” a smartphone securities service for long-term asset building through U.S. stock and ETF investment. Bloomo’s service entails “proactive long-term investment,” which differs from either day trading or passive investing. By using Bloomo, one can easily make accumulative investments in U.S. stocks and ETFs of choice, and since the application allows reference to the actual portfolios of other users, including investment experts, even beginners can start building their assets with confidence. The service also provides information on the global economy and U.S. market trends, making it easy for users to gather information on finance and investment.
For more information, visit https://bloomo.co.jp/